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This study is related to technical analysis. The objective of this project is to verify whether a chart pattern really helps investors in developing buying and selling strategy in short term investment horizon or not. For this purpose, different shapes formed by the movement of share prices have been considered. In this study, we have taken the Double Top, Double Bottom, Head and Shoulders, Inverted Head and Shoulders and Symmetrical Triangle (downward) chart patterns. The period of this analysis is from 1st January 2000 to 31st December 2009. We only considered fifty stocks, which constitute...